Take a Part in Moonriver crowdloan and assist Launch the Moonriver Network to Kusama
I want to peak up Your attention on one important event that greatly influences future cryptocurrency development. It is about Moonriver crowdloan which is held by Moonbeam Foundation.
What is a Crowdloan?
The method for a new project to get the support they demand to become a part of the Kusama network as a parachain — is a simple explanation of this phenomenon. The way to support means to get the reward for taking a part in the crowdloan, normally it is the project’s tokens. Donats will pay for the parachain slot rent and generate profit in the parachain’s original token. At once the parachain rent ends stuck KSM will be back to the user.
About Moonriver
Moonriver is Moonbeam’s deployment to Kusama, where new codes will be shipped first to be tested and checked in the actual economic conditions. When it will be verified this code will be immediately transferred to Moonbeam on Polkadot. Learn more: https://moonbeam.foundation/moonriver-crowdloan/#what-is-moonriver
What is parachains auctions?
Making parachain auctions is a fair way of distributing available slots.To obtain a parachain slot in Kusama, the Moonbeam Foundation will host a crowdloan. A crowdloan is a great way to support a project to launch.
Moonriver Crowdloan
Moonbeam Foundation will organize crowdloan event from the name of the network. It will be made to initiate the Moonriver network to Kusama and have the ability to guarantee enough capital to pay for a parachain slot rent. So Moonriver crowdloan will ask the participant's agreement to block up some quantity of their KSM to get the original Moonbeam tokens, which will be blocked till a slot is successfully won, and stored for the lease term (48 weeks). 3 Million MOVR (30% of the genesis token reserve) will be spread between members of crowdloan just as a bonus, measured according to their share of the general KSMs provided by the crowdloan.
If You want to participate in this Great and Important Event and understand what You will need to start, read the information here https://moonbeam.foundation/moonriver-crowdloan/
Moonbeam Links
Twitter — https://twitter.com/moonbeamnetwork
Telegram — https://t.me/Moonbeam_Official
Discord — https://discord.gg/PfpUATX
Medium — https://medium.com/moonbeam-network
Youtube — https://www.youtube.com/c/MoonbeamNetwork
LinkedIn — https://www.linkedin.com/company/moonbeam-network
